Sales of all-electric vehicles plummeted last month after the $7,500 federal EV incentives ended, leading to significant declines for automakers like Ford, Toyota, Hyundai, and Kia. Ford reported a 25% drop in October EV sales, while Toyota sold only 18 units of its BZ EV. Hybrid vehicle sales are expected to rise as EV sales fall.

Read more at CNBC: Ford, Hyundai report large declines in EV sales